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Tag Archives: great recession

Automakers report U.S. sales up in March

DETROIT — March is turning out to be the best month for auto sales in at least six years. Major automakers including Ford, Chrysler, Toyota, General Motors and Nissan all reported increases, with some reporting their best monthly totals since ...

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Ex-JPMorgan exec says Dimon withheld data

WASHINGTON — JPMorgan Chase CEO Jamie Dimon held back showing federal regulators reports in May that revealed the bank had accumulated billions of dollars in trading losses, according to congressional testimony Friday from the firm’s former chief financial officer. Douglas ...

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Economy adds 146K jobs, unemployment rate falls to 7.7 pct.

WASHINGTON — The pace of U.S. hiring remained steady in November despite disruptions from Superstorm Sandy and employers’ concerns about impending tax increases from the year-end “fiscal cliff.” Companies added 146,000 jobs, and the unemployment rate fell to 7.7 percent ...

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Bernanke warns Congress to avoid ‘fiscal cliff’

NEW YORK — Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year. Without a deal, the measures ...

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Survey: Businesses added 162K jobs in September

WASHINGTON — A private survey shows that U.S. businesses added fewer workers in September than August, a sign that slow growth may be holding back hiring. Payroll processor ADP said Wednesday that companies added 162,000 jobs last month. That’s below ...

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Unemployment aid applications at 2-month low

WASHINGTON — The number of Americans seeking unemployment benefits plunged 26,000 last week to a seasonally adjusted 359,000, a hopeful sign for the job market. It’s the lowest level of weekly applications in nine weeks. The Labor Department said Thursday ...

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